| Finance and Economics Discussion Series |
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Assessing the Productivity of Public Capital with a Locational Equilibrium Model Jeremy B. Rudd 2000-23 |
Abstract: This paper employs Roback's locational-equilibrium model of public-goods
pricing, cross-sectional data from the Census of Population and Housing, and
SMSA-level estimates of public capital stocks in order to examine the productive
contribution of public capital. I find that public capital has a small positive
impact on private output.
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Last update: May 17, 2000